Gate investment analysts point out that the increasing politicization of the U.S. Federal Reserve may lead to the U.S. bond market pricing in a higher risk premium due to inflation uncertainty. This situation could raise the actual borrowing costs, increase the U.S. government's debt repayment expenses, thereby reducing fiscal stimulus space and impacting corporate investment decisions.

Recently, the speech by the Chairman of the Federal Reserve at the economic policy seminar has left room for a rate cut in September, but he did not provide specific views on the "appropriate medium-term policy framework" and did not strongly defend the independence of the Federal Reserve. It is noteworthy that the U.S. president has been publicly calling for the Federal Reserve to cut rates in recent months, raising concerns in the market about the independence of monetary policy.

Experts believe that the impact of political factors on monetary policy is becoming increasingly pronounced, which may complicate the market's judgment on future inflation trends. This uncertainty may be reflected in the pricing of the bond market, subsequently affecting the overall economic environment. Investors need to closely monitor the potential impact of this trend on the financial markets when making investment decisions.